Look at the chart, and stop asking every day why it's dropping 😂
The bear market correction is decreasing with each cycle, and this trend is very clear:
In 2011, the bear market dropped 93%; from 2013-2015, it dropped 85%; in 2017-2018, it dropped 84%; and in 2021-2022, it dropped 76%
Based on this logic, a retracement of 65-70% is more reasonable, corresponding to the $38,000-$44,000 range
But I think this linear extrapolation is a bit naive; the real issue is: the market structure has changed. Now ETFs, institutional funds, and reserves from various countries are entering the market
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